Managed Money: The Experience of Sweden

Managed Money: The Experience of Sweden

Managed Money: The Experience of Sweden

Managed Money: The Experience of Sweden

Excerpt

This book is offered to the public in the hope that it will help to explain to the layman the monetary program of the Bank of Sweden, which for some time has attracted a great deal of interest in this country. I have attempted to set forth the principal factors as they are disclosed in banking reports and in other publications. Any attempt to analyze the policies of a central bank meets with extreme difficulties, however, as much of the desired information is never made available to the public. This fact has made it hazardous to draw definite conclusions; whatever conclusions I have formulated are based, to the best of my knowledge, on reliable data.

In preparing the manuscript I have received valuable aid from Professors Benjamin H. Beckhart and John M. Chapman of the School of Business of Columbia University. I wish to take this opportunity to thank them for the assistance they have rendered me. I also want to thank Mr. Vladimir Kazakévich and Mr. Fritz Schumacher for their painstaking criticism.

COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK JANUARY, 1934

E. T. H. K.

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